0
Is the long run AC curve tangent to short run AC curves at their minimum points?
Wiki User
∙ 13y ago
do the best
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How do you find the slope of an Indifference curve?
You find the tangent to the curve at the point of interest and then find the slope of the tangent.
What is the Difference between Income consumption curve and expansion path curve?
income expansion curve The ICC is a line that is formed when many indifference curves are seen and their attainable points are plotted. The line that is formed by connecting these points is the ICC. The expansion path is the same concept, but for isoquants. Isoqants being the two inputs that are needed in production. indifference curves are from consumer theory that a person has to choose between two goods.
What is a substance whose meniscus would curve downward?
Mercury's meniscus curves down. Water's meniscus curves up.
Can two indifference curve have the same utility?
indifference curve is the loci of points, where each represents a combination of goods in different ratios but gives equal amount of satisfaction. indifference curves help us to know which combinations of goods give us equal satisfaction and which increase it. they dont intersect eachother thus its not possible for two indifference curves to have the same level of satisfaction.
How the indifference curve and budget line apparatus are used to derive a consumer's demand curve?
Indifference curve: series of curve reflecting the preference structure of the individual. Budget constraint: the material resource constraint the individual faces in choices. The demand curve, being inherently designated as rational, seeks to maximise utility. Thus, in a Walrasian equilibrium, the consumer construct his demand curve at the points where his contract curve equals to his budget constraint (or, in mathematical terms, when the constraint and optimal indifferences are tangent to one another). These tangencies construct a curve which is the individual's demand function.
Is a tangent a trigonometric ratio?
Tangent is used in calculus to compute the slope of a curve. Because curves do not have uniform slopes, unlike lines, their slopes change. A tangent is the slope of a curve at a specific point.
Why is a radioactive curve not a smooth curve?
radioactive curves are not smooth curves because of the points you will be given to plot on the graph sheet
What is a bitangent?
A bitangent is a line which is tangent to a curve at two separate points.
What is the difference between tangent and secant line?
The tangent line is the instantaneous rate of change at a point on a curve. The secant line crosses a curve twice at points A and B, representing the average rate of change between those two points.
What is touching in math terms?
I assume you mean curve touching? It means that two or more curves intersect at a single point (tangent point).
What is a Bezeir curve?
The Bezier curve is the standard curve type used in most graphics software. It is unusual in that it has no more than four points (as opposed to other kinds of curves, which can have many points): two endpoints and up to two control points. The position of the control points determines the shape of the curve. The Bezier curve can also curve back upon itself, which many other computer graphics curves can't. The Bezier curve was patented by Pierre Bezier, an engineer at Renault. The first project ever done using Bezier curves was the Renault Le Car.
How many tangent lines could be draw on a straight line?
A tangent line is a line that is parallel to and intersecting a point on a curve, where the limit of the distance between two points on that curve (one of them being the point in question) and those two points also being on that line approaches zero. Since a straight line has only one slope, at all points on the line, then there can only be one tangent line to a straight line, and the tangent line is the same line as the straight line.
How do you find the slope of an Indifference curve?
You find the tangent to the curve at the point of interest and then find the slope of the tangent.
In maths what is a tangent and what is a chord?
Tangent:In geometry, the tangent line (or simply the tangent) is a curve at a given point and is the straight line that "just touches" the curve at that point. As it passes through the point where the tangent line and the curve meet the tangent line is "going in the same direction" as the curve, and in this sense it is the best straight-line approximation to the curve at that point.Chord:A chord of a curve is a geometric line segment whose endpoints both lie on the outside of the circle.
Why we draw tangent in newton raphson method?
A line tangent to a curve, at a point, is the closest linear approximation to how the curve is "behaving" near that point. The tangent line is used to estimate values of the curve, near that point.
How do you find the point of tangency?
A tangent is an object, like a line, which touches a curve. The tangent only touches the curve at one point. That point is called the point of tangency. The tangent does not intersect (pass through) the curve.
What is the tangent of the curve?
A tangent is a line which touches, but does not cross, a curved line.
